"FTAs mean favorable treatment for U.S. exports, giving your products a competitive advantage in emerging markets such as Korea, Colombia, and Panama. For example, Colombia is a fast-growing market that is very receptive to U.S. goods and services. Since the new FTA took effect last year, our exports to Colombia have increased nearly 20 percent. And Colombia has announced $25 billion in infrastructure projects to be developed in the next few years. Having this FTA in place will make Colombia's public purchase more efficient and transparent and will eliminate nearly all tariffs on U.S. goods, generating more opportunity for U.S. exporters."